Jason Burack: Bank Of America Now Heavily Involved In Silver Derivatives, Short 300 Million Oz of Silver?

Wall St. For Main St., Released on 4/16/21

According to Ted Butler, Bank of America’s OTC derivatives position on silver derivatives has gone from only $175 million at the end of March 31, 2020 to now over $8.3 billion.

Butler’s new free article is here: A New Piece of the Puzzle silverseek.com/article/new-pi…

This is a big increase very quickly. According to Butler, Bank of America is now naked short 300 million oz of physical silver that it will have to deliver to JP Morgan at some point in the future.

Singapore Dealer Prepares Vault for 15,000 Tons of Silver finance.yahoo.com/news/singap…

Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.

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